Risk Disclaimer

The high degree of leverage available in Forex trading can work against you as well as for you. Leverage can lead to large losses as well as gains. You should not invest money that you cannot afford to lose.

Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.

Foreign exchange trading carries specific risks that you should understand before participating:

• Market Volatility: Currency markets can be extremely volatile. Prices can move rapidly and unpredictably due to economic data releases, geopolitical events, central bank decisions, and market sentiment shifts.
• Liquidity Risk: During periods of extreme market stress (flash crashes, major geopolitical events), liquidity may dry up, making it difficult or impossible to execute trades at desired prices.
• Gap Risk: Currency prices can "gap" — moving sharply from one price level to another without trading at intermediate prices, particularly over weekends and around major news events. This can result in losses exceeding your stop-loss levels.
• Interest Rate Risk: Changes in interest rates by central banks can significantly impact currency valuations, potentially moving against open positions.
• Counterparty Risk: The risk that your broker may default or become insolvent. While NeroAI only works with regulated brokers, this risk cannot be entirely eliminated.
• Correlation Risk: Currency pairs that historically move independently may become correlated during market stress, reducing the effectiveness of diversification strategies.

Algorithmic trading introduces additional risk factors beyond traditional manual trading:

• System Failure: Automated systems can experience technical failures including server outages, software bugs, or connectivity interruptions that may prevent the algorithm from executing trades as intended.
• Overfitting Risk: Strategies optimized for historical data may not perform similarly in future market conditions. Past optimization does not guarantee future adaptability.
• Black Swan Events: Algorithms cannot fully prepare for unprecedented market events (pandemics, geopolitical crises, currency pegs breaking) that fall outside historical patterns.
• Execution Risk: Slippage, latency, and order fill issues can result in trades being executed at different prices than intended, particularly during high-volatility periods.
• Model Risk: The mathematical and statistical models underlying any algorithm are simplifications of complex market dynamics. They may not capture all relevant factors.

Forex trading typically involves the use of leverage, which means you can control a large position with a relatively small amount of capital:

• Amplified Losses: While leverage can increase potential profits, it equally amplifies potential losses. A 1% market move against a 50:1 leveraged position results in a 50% loss on your margin.
• Margin Calls: If your account equity falls below your broker's maintenance margin requirements, you may receive a margin call requiring you to deposit additional funds. Failure to do so may result in automatic liquidation of your positions at unfavorable prices.
• Negative Balance Risk: In extreme market conditions, it is possible (though rare with regulated US brokers) for losses to exceed your account balance, leaving you with a debt to your broker.

NeroAI's Atlas algorithm uses configurable leverage and risk settings. While we prioritize capital protection, no risk management system can completely eliminate the possibility of significant losses.

Any performance data, trading results, statistics, or track records presented by NeroAI — whether on our website, during demos, in marketing materials, or through third-party verification platforms (such as FX Blue or MyFXBook) — represent historical results only.

• Market conditions change continuously and may differ materially from the conditions under which historical results were achieved
• Future performance may be substantially different from — and potentially worse than — historical performance
• No representation is made that any account will or is likely to achieve results similar to those shown
• Individual results vary based on account size, broker selection, leverage settings, market conditions, and other factors outside our control

Where hypothetical or simulated performance results are presented, the following limitations apply:

• No Actual Trading: Hypothetical results are generated by simulation, not actual trading. They do not involve real financial risk and may not account for the full impact of financial risk in actual trading.
• Benefit of Hindsight: Hypothetical trading programs are generally designed with the benefit of hindsight. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.
• Execution Differences: Simulated results cannot fully replicate the impact of slippage, spread variations, latency, and other real-world execution factors that affect live trading results.
• Emotional Factors: Simulated trading does not account for the psychological impact of actual financial risk, which can materially alter decision-making even in automated systems (e.g., the decision to pause or override the algorithm).

Automated trading relies on technology infrastructure that is inherently subject to failure:

• Server Downtime: Virtual machines, cloud infrastructure, and network connections can experience unplanned outages that may prevent the algorithm from executing trades or managing open positions.
• Connectivity Issues: Internet disruptions between our servers and your broker's servers can delay or prevent order execution.
• Broker Platform Issues: Your broker's trading platform may experience outages, maintenance windows, or technical difficulties beyond our control.
• Software Updates: Broker API changes, platform updates, or regulatory changes may temporarily affect algorithm functionality.
• Cybersecurity: While we employ robust security measures, no system is immune to all cybersecurity threats.

NeroAI operates on enterprise-grade infrastructure with redundancy measures, but we cannot guarantee 100% uptime or error-free operation.

Our regulatory status means:

• We are not subject to the same regulatory oversight as registered investment advisors or broker-dealers
• Our software and services have not been reviewed or approved by any financial regulator
• We do not operate under fiduciary duty to our clients
• We are not required to maintain specific capital reserves or insurance for client protection

Your trading accounts are held at third-party regulated brokers. The regulatory protections applicable to your funds are those provided by your broker and its regulatory jurisdiction, not by NeroAI.

Nothing on this website or in our communications constitutes investment advice, financial advice, trading advice, or any other form of professional advice. Specifically:

• NeroAI does not provide personalized investment recommendations
• Our software is a tool, not a financial advisory service
• We do not consider your individual financial situation, goals, or risk tolerance when developing our algorithms
• Any discussion of trading strategies, market conditions, or performance should not be construed as investment advice
• Demo presentations and educational content are for informational purposes only

You should consult with qualified financial, legal, and tax advisors before making any trading or investment decisions. NeroAI explicitly disclaims any responsibility for trading decisions made based on the use of our software.

Your use of NeroAI involves interactions with third-party services over which we have no control:

• Broker Risk: Your funds are held by your broker, not by NeroAI. We are not responsible for your broker's solvency, regulatory compliance, execution quality, or business practices.
• Broker Selection: While we maintain a list of compatible brokers, inclusion on this list does not constitute an endorsement. You are solely responsible for selecting a broker that meets your needs and complies with your local regulations.
• Spread & Commission Variations: Different brokers offer different spreads, commissions, and execution speeds, which can materially impact algorithm performance.
• Regulatory Changes: Changes in regulations affecting your broker or jurisdiction may impact your ability to trade or use our services.

By using NeroAI's services, you acknowledge and accept the following responsibilities:

• You have read and understood this Risk Disclaimer in its entirety
• You understand that Forex trading involves substantial risk of financial loss
• You are trading with capital that you can afford to lose without impacting your financial security or lifestyle
• You have sought (or chosen to forgo) independent financial advice regarding the suitability of algorithmic Forex trading for your situation
• You are solely responsible for all trading decisions, including the decision to use or discontinue use of our software
• You will monitor your account regularly and not rely solely on automated systems without oversight
• You understand that NeroAI provides technology, not financial advice or guarantees

This Risk Disclaimer supplements — and does not replace — the risk disclosures provided by your broker. Please ensure you have read and understood your broker's risk disclosures as well.

If you do not agree with or do not understand any part of this Risk Disclaimer, you should not use NeroAI's services. We encourage you to consult with a qualified financial advisor before making any trading decisions.

For questions about this Risk Disclaimer, contact us at [email protected].